Trust intent refers to the specific intention or purpose behind the creation of a trust by the settlor (the person who establishes the trust). This intent determines how the trust’s assets are to be managed, distributed, and used for the benefit of the beneficiaries. Trust intent is essential for an express trust, along with trust property, a trustee, and definite beneficiaries. It reflects the settlor’s deliberate intention to create the trust and outlines the purposes and conditions under which the trust should operate.
[Last updated in June of 2024 by the Wex Definitions Team]
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